With what's been uncovered today and over the last few weeks, I have a new opinion on what could be the pps post r/m. I'm thinking that we are looking at a pps in the $1 range. I'll list a few reasons why.
1. The acquiring company appears to have demanded that a note be abolished before any r/m.
2. CCMJ has recieved some contracts as of late that increase the value of any r/m company as they will have instant money stream from the contracts.
3. Although the latest pr was alot of fluff, there was what we needed to hear and that is that negotiations have not ended with no r/m.
4. Coming from different streams that i have contacted, the r/m appears to be a real deal. After I talked to Meryl Lynch and they confirmed that CCMJ was negotiating but they didn't find out with whom, it leant more strength to the r/m as a real possibility when a large brokerage can confirm. Matt was intrigued and made a reference to ML possibly doing a large block buy. I can't confirm or deny if they did or not but there was an inference there.
5. It does not appear that the CEO has lied about what the goings ons with CCMJ have been. There is speculation on this board of his doings not being above board. Understand that there is a lack of evidence pointing to an outright lie instead of the CEO taking a different path after he released a statement that did not impact the stock in a dramatic way.
6. And finally, the last thing that seams to be giving reverence to this being an actual r/m with a private company of some standing is that the private company is requiring that CCMJ jump through some hoops in order to do the merger. This would tend to lend itself to the abilities of the acquiring company as being one of a larger nature. What I mean by that is that if this was a smaller company doing the r/m, then CCMJ could just tell them that the note goes along with the merger and the small company wouldn't have a whole lot to say about it. Larger companies have more to say about it because it gives the board members of the company being acquired and their institutional investors a chance to get out of this having pulled a major profit in the end even after all the termoil. Larger companies place big demands on companies they are about to take over because they know they can. It's kind of like playing No limit hold-um. A small company can try to bluff but if they get caught, the merger is done and they get left in the dust. A larger company does not have to bluff as the strength of thier company is a known quantity. Therefore, CCMJ would find it necessary to do what it takes to please them.
This is all in my opinion
Xilo
